Youtube prevents its subscribers from XRP crypto scams on hacked channel
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Youtube prevents its subscribers from XRP crypto scams on hacked channel

written by John Murphy | April 30, 2023

There is an increase in the number of Youtube channel hacks lately. These hacks are specifically aimed at promoting cryptocurrency scams.

KEY TAKEAWAYS

  • A Youtube channel was recently hacked for XRP crypto scams.
  • This raises concerns about more cyberattacks concerns among the investors

A recent, hack of the channel of a popular channel of a Youtuber DidYouKnowGaming with 2.4 million subscribers raised concern. The hacker behind this channel was promoting XRP cryptocurrency scams, However, sooner or later Youtube was able to prevent the hacker from interacting with any of the subscribers. This helped minimize the damage caused by the hack protecting the channel’s viewers.

This method of hacking into Youtube channels is an old trick of targeting unwary investors. The more frequent reporting ultimately raises concerns regarding the increasing threat of cyberattacks aimed at misleading crypto investors.

What happened with DidYouKnowGaming?

The hacker changed the Youtuber’s profile and cover images to Ripple’s logo. This move was to legitimize the cryptocurrency scams that make it appear more credible to unsuspecting viewers.

Another one of the largest Youtube creators Linus Tech Tips, reported losing his channel recently. However, it’s still unknown how hackers break into the channel. Fortunately, most of the victims of the hacks were able to recover easily.

Moreover, hackers are now more frequently using deepfake impersonation videos that were AI-generated. These tools are used to misguide the investors. Apparently, a prominent figure like Elon Musk has also been a victim of this. This shows that the recent hacks that are commonly occurring in crypto work are increasing every day. Furthermore, are potentially attacking the high-end people in the market.

The launch of a new deepfakes creation tool by Tencent for just $145 has further escalated concerns among investors. Consequently, many turn to YouTube to learn about crypto, blockchain, and Web3.

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